Looking through the half year report, i have now updated my financial model for BLG based upon their projected Laser Diode sales (it's difficult to read the numbers off the chart but I have made an approximation), current cash at bank and cash burn. The resulting 3 year forecast is:
If the meet their sales targets (a big if) they may just make it through to profitable operations, but it will be tight.
Ann: Appendix 4D and 31 Dec 2020 Financial Report, page-2
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